Centrus Energy (NYSE:LEU) Upgraded to “Hold” by StockNews.com

Centrus Energy (NYSE:LEU) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other research firms have also commented on LEU. B. Riley reiterated a “buy” rating and set a $72.00 price objective on shares of Centrus Energy in a research note on Tuesday, February 13th. TheStreet upgraded shares of Centrus Energy from a “d-” rating to a “c” rating in a research report on Friday, February 9th.

Centrus Energy Price Performance

Shares of NYSE LEU traded up $0.65 during mid-day trading on Friday, reaching $41.28. 95,515 shares of the company traded hands, compared to its average volume of 188,996. Centrus Energy has a fifty-two week low of $24.88 and a fifty-two week high of $61.35. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.45 and a quick ratio of 0.80. The firm has a market cap of $647.27 million, a PE ratio of 7.64 and a beta of 1.39. The stock has a fifty day simple moving average of $41.96 and a 200-day simple moving average of $48.50.

Centrus Energy (NYSE:LEU) last posted its quarterly earnings data on Thursday, February 8th. The company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $2.80. Centrus Energy had a net margin of 26.36% and a negative return on equity of 491.41%. The business had revenue of $103.60 million for the quarter, compared to analyst estimates of $61.05 million. Equities research analysts anticipate that Centrus Energy will post 2.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Centrus Energy news, SVP John M. A. Donelson sold 16,073 shares of Centrus Energy stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.24, for a total value of $646,777.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Centrus Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEU. Old West Investment Management LLC grew its position in Centrus Energy by 105.0% during the 3rd quarter. Old West Investment Management LLC now owns 328,881 shares of the company’s stock worth $18,667,000 after purchasing an additional 168,425 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Centrus Energy by 1,086.8% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 176,360 shares of the company’s stock worth $7,228,000 after purchasing an additional 161,500 shares in the last quarter. BlackRock Inc. grew its position in Centrus Energy by 18.5% during the 2nd quarter. BlackRock Inc. now owns 749,515 shares of the company’s stock worth $24,404,000 after purchasing an additional 116,848 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Centrus Energy during the 2nd quarter valued at $2,346,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Centrus Energy by 28.7% during the 1st quarter. Renaissance Technologies LLC now owns 390,526 shares of the company’s stock valued at $12,575,000 after buying an additional 87,191 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.